Former U.S. Treasury Official Peter R. Fisher Joins BlackRock

Business Wire, Jan 6, 2004

Note to Editors:

Please e-mail Robert McGrath at rmcgrath@rlmnet.com for print-quality digital photos of Peter Fisher.

About BlackRock

BlackRock is one of the largest publicly traded investment management firms in the United States with $294 billion of assets under management as of September 30, 2003. BlackRock manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, liquidity and alternative investment products. In addition, BlackRock provides risk management and investment system services to a growing number of institutional investors under the BlackRock Solutions(R) name. Clients are served from the Company's headquarters in New York City, as well as offices in Boston, Edinburgh, Hong Kong, San Francisco, Tokyo and Wilmington. BlackRock is majority-owned by The PNC Financial Services Group, Inc. (NYSE:PNC) and by BlackRock employees.

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